The ACP Business Climate (BizClim) promotes the Private Sector Enabling Environment Facility (PSEEF), which is an EU funded initiative under the Cotonou Agreement.
The BizClim Facility seeks to enhance the business environment of African Carribean Pacific (ACP) countries and regions by providing technical assistance to: a) improve legislation and institutional arrangements relating to the enabling environment; b) improve the financial sector enabling framework; c) reform state owned enterprises; d) enhance macroeconomic stability.
The first phase came to a close in 2009. The new phase is scheduled to start in July 2010 following a tender process for the recruitment of the facility's Project Management Unit (PMU). The BizClim Facility is demand-driven and handling applications on a "first come first served" basis. Applications are screened by the PMU and submitted for approval by the validation committee. The following are eligible for this facility: ACP Group, ACP Governments (i.e ministries and agencies), ACP regional organisations, civil society organisations, universities, private sector organisations, the EC and other EU instruments, the European Investment Bank (EIB).